Iran News ...


12/6/03

First phase of Iran's South Pars gas field project to come on stream soon

The first phase of South Pars gas field development project in Assalouyeh is due to be commissioned soon, IRNA reported from Tehran.

Director General of Oil Ministry public relations department, Akbar Nematollahi, here on Saturday, told IRNA that the first phase of South Pars gas field development project has a production capacity of 25 million cubic meters of natural gas and 40,000 barrels of gas condensates.

Touring the South Pars gas field installations in the Mahshahr Petrochemical Economic Zone and Imam Khomeini port along with a number of Iranian artists, writers and film directors, he reiterated that the 800-million-dollar project commissioned by Petropars Company will soon become operational.

Nematollahi noted that the production of the first stage will be allocated to household, public and industrial consumers as well as export.

"Petropars Company jointly with an Italian enterprise are currently undertaking the fourth and fifth phases of the project, which are due to be implemented in 2004," he added.

Turning to the seventh and eighth phases of project, in which dlrs two billion has been invested by Petropars, he noted that the production of these phases are to be injected into oil wells to boost the coefficient of production.

Concerning the ninth and tenth phases of South Pars project, whose preliminary grounds have been prepared, he said that they will be implemented jointly by two Iranian and one foreign companies.

Stressing that dlrs 20 billion has been invested in 10 phases of South Pars gas field development project, he added that a easibility study for expansion of the project up to 28 phases is currently underway.

He declared that dlrs five million has been allocated to investment in petrochemical projects in Assalouyeh. "In the fourth and fifth development plans, a total fund of dlrs 50 billion will be invested in oil, gas, petrochemical and refinery sectors and it will mostly be allocated to South Pars project," he concluded.

... Payvand News - 12/6/03 ... --



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